Zhaojin Mining subsidiary invests $30m in Zijin International

Zhaojin Mining Industry Company Limited announced that its wholly-owned subsidiary, Sparky International Company Limited, will subscribe for shares in Zijin International as part of an international offering. The investment, totaling $30,000,000 (excluding brokerage and levies), was formalized on September 17, 2025, through a Cornerstone Investment Agreement with Zijin International, Morgan Stanley, CITIC, and CLSA.

Zijin International is a connected person of Zhaojin Mining, with Zijin Mining indirectly holding 100% of its shares. The transaction is subject to reporting and announcement requirements but is exempt from circular and independent shareholders' approval requirements.

The board of Zhaojin Mining approved the resolution for the cornerstone investment on September 16, 2025. The company views the move as a way to deepen its strategic partnership with Zijin Mining, expecting it to benefit Zhaojin Mining's sustained growth and long-term shareholder returns. The payment will be financed by Zhaojin Mining Group's internal financial resources.